Economy, asked by shivamshanu2, 1 year ago

Why has the entire tertiary sector not grown in importance ? Explain.

Answers

Answered by Catti
107
The entire tertiary sector has not grown in importance because of the peculiarity of the skills and income it entails. Highly skilled and educated professionals make the upper end of this spectrum whereas the other end comprises of low skilled people, small shopkeepers, repairpersons, transport persons, domestic servants etc.

Though the highly skilled professionals make rapid growth in terms of development and income, those at the lower end are barely able to make a living. Such a disparity has hindered the growth of the tertiary sector in entirety.
Answered by madanlalsinghal1969
72

The entire tertiary sector has not grown in importance because of the following reasons:

 Peculiarity of skills in the tertiary sector: Highly-educated and skilled professionals only

are able to get employment. Other engage themselves in low-paid jobs.

 High incomes: Higher incomes are available for the top-level administrative jobs only. Low-

paid jobs do not attract employment.

 No job security: Large number of workers are casual with irregular and low incomes barely

to sustain livelihoods.

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